Amenc, Noël; Giraud, Jean-René; Vaissié, Mathieu; … - Université Paris-Dauphine (Paris IX) - 2004
Given the increasing importance of funds of hedge funds in the development of the hedge fund industry and the cost-intensive nature of multi-manager structures, investors are questioning whether FoHF add value to an extent that justifies the extra layer of fees induced by their activity. To...